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John Lothian Newsletter: JPMorgan illegally let Lehman count customers’ funds as its own: CFTC; Fed’s Lacker Says Volcker Rule May Be ‘Impossible’ to Implement; Deutsche Börse closes First Quotation Board at end of year

The CFTC says that JPMorgan Chase allowed Lehman Brothers to consider customer funds as its own, so that LB could borrow more prior to its 2008 collapse.  The Richmond Fed's Jeffrey Lacker says that the Volcker Rule may not be possible to put into practical practice....

Tony McCormick to be named CEO of Boston Options Exchange

The John Lothian Newsletter has learned that Anthony ("Tony") McCormick, formerly an executive with Charles Schwab and a CBOE board member, will be shortly be named CEO of the Boston Options Exchange. McCormick will begin work at BOX, as the exchange is known, on...

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